GreenPower Motor Company Inc.
GP Industrials Farm & Heavy Construction Machinery
GreenPower Motor Company Inc.’s revenue for fiscal 2026 (year ended March 2026) was $16.4 million, down 17.4% from fiscal 2025. In the quarter to June 2026, revenue fell 71.7%, EPS grew 70.0%, free cash flow grew 8.99% and total debt fell 20.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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GreenPower Motor Company Inc. (GP) Piotroski F-score
GreenPower Motor Company Inc.'s Piotroski F-score for fiscal 2026 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 1 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 4 | 3.00 |
| FY2025 | 1 | (1.00) |
| FY2024 | 2 | (1.00) |
| FY2023 | 3 | 2.00 |
| FY2022 | 1 | (2.00) |
| FY2021 | 3 | (3.00) |
| FY2020 | 6 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (16.66%) | (46.50%) | Fail | 0 |
| Positive operating cash flow | (6.18m) | (5.99m) | Fail | 0 |
| Rising return on assets | (16.66%) | (46.50%) | Pass | 1 |
| Cash flow above net income | (707.50k) | 12.68m | Fail | 0 |
| Falling long-term leverage | 0.33 | 0.21 | Fail | 0 |
| Rising current ratio | 1.53 | 1.41 | Pass | 1 |
| No new shares issued | 3,495,000 | 2,758,000 | Fail | 0 |
| Rising gross margin | 56.23% | 11.07% | Pass | 1 |
| Rising asset turnover | 0.50 | 0.49 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GENC Gencor Industries Inc. compare | 6 |
| XOS Xos, Inc. compare | 4 |
| GP GreenPower Motor Company Inc. | 4 |
| ARTW Art's-Way Manufacturing Co., Inc. compare | 3 |
| HYFM Hydrofarm Holdings Group, Inc. compare | 3 |
| HCAI Huachen AI Parking Management Technology Holding Co., Ltd compare | 2 |
| LEVGQ The Lion Electric Company compare | 2 |
| BNC BNB Standard Corporation compare | — |
| SCAG Scage Future - Unsponsored ADR compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover